If the Growth Rate of Real GDP Rises from 3

question 120

Multiple Choice

If the growth rate of real GDP rises from 3% to 4% per year,then the number of years required to double real GDP will decrease from

• A)23.3 years to 17.5 years.
• B)28.0 years to 21.0 years.
• C)11.2 years to 10.8 years.
• D)23.3 years to 20.6 years.

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